oh dear - Perhaps the triple dip is still to rip. Still our houses are worth millions, so we're alright.
Weak trade dents recovery optimism - Telegraph
Weak trade dents recovery optimism - Telegraph
Economists said the official data, for July, was “disappointing” and had tempered some of the optimism sparked by the flurry of upbeat releases over the past few weeks. Overall industrial production was flat in July, falling short of forecasts for a small rise.
More worryingly, UK exports fell by a sharp 9.1pc largely due to a decline in demand in countries outside the European Union where British companies have been focusing their efforts. As a result, the trade deficit in goods ballooned from £8.2bn in June to £9.9bn in July – its highest since October 2012 and far worse than forecasts that it would be unchanged.
More worryingly, UK exports fell by a sharp 9.1pc largely due to a decline in demand in countries outside the European Union where British companies have been focusing their efforts. As a result, the trade deficit in goods ballooned from £8.2bn in June to £9.9bn in July – its highest since October 2012 and far worse than forecasts that it would be unchanged.
Including the £6.8bn surplus in services, the overall trade deficit widened from £1.3bn in June to £3.1bn in July.
Comment